Cardano: potential inverse head and shoulder
Hello Traders,
Looking at the 4 hour chart, we see that inverse head and shoulder pattern is taking place for Cardano (ADABTC).
I would expect it to dip and find EMA50 line as a new support.
Good entry point is around 2200-2300 satoshi range.
Cardano is a very promising project and tackles many problems in blockchain technology.
If you are short-term trader, I would cash out around 3800 satoshi (70% profit).
Personally, I would buy it at the dip and wait until it reaches to $1. (450% profit)
Happy trading!
Looking at the 4 hour chart, we see that inverse head and shoulder pattern is taking place for Cardano (ADABTC).
I would expect it to dip and find EMA50 line as a new support.
Good entry point is around 2200-2300 satoshi range.
Cardano is a very promising project and tackles many problems in blockchain technology.
If you are short-term trader, I would cash out around 3800 satoshi (70% profit).
Personally, I would buy it at the dip and wait until it reaches to $1. (450% profit)
Happy trading!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.